Healthcare Cloud Computing Market Analysis
Healthcare Cloud Computing Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Cloud computing, often referred to as ‘the cloud’, is a method to store and access the data and programs over the internet. The cloud computing is the delivery of computing resources over the internet on a pay-for-use basis. The resources which are used are elastic and the user pay for the services procured. Cloud computing helps the healthcare industry in numerous ways such as it allows professionals to store and access data remotely, it provides the great reach during the times of disaster so that the professionals can reach to the required places, it provides and holds more information at a lower cost, and clouding helps to share and store data, which helps to speed up the medical research.
Numerous applications of cloud computing for healthcare data management is the factor driving the healthcare cloud computing market
Individuals maintain their health by using smartphones and wearables so that they can track their diets, exercise records and vital signs, and to review doctors and care facilities. This growing consumer participation is the major driving factor of healthcare cloud computing market. Some essential requirements such as security, confidentiality, privacy, traceability of access, reversibility of data, interoperability included in healthcare data management is possible with the use of cloud computing. The need of legislation of healthcare data compliance policies, rise in interest of load balancing benefits , and the growing of bring –your- own –device (BYOD) strategy at hospitals , are some of the factors leading to the growth of healthcare cloud computing market. According to Health Information and Management Systems Society (HIMSS), 83% of healthcare organizations are using cloud based apps today, and 53% of healthcare employees are using three or more devices for work. Additionally, cloud computing offers big data sets for radiology images, electronic health records, and genomic data offloading, contributing to the growth of healthcare cloud computing market. However issues related to interoperability and standardization of cloud and growing concern related to patient information security are some restraints that are likely to hinder the growth of healthcare cloud computing market.
Greater advantages of software as a Service (SaaS) model is more used by healthcare industry, adding to the revenue of healthcare cloud computing market
The global healthcare cloud computing market is segmented by applications, by service model, by deployment model, by pricing model, by component and by region.
On the basis of applications, the healthcare cloud computing market is segmented into
On the basis of service model, healthcare cloud computing market is segmented into
On the basis of deployment- model, healthcare cloud computing market is segmented into
North America dominates in the healthcare cloud computing market owing to established healthcare and IT sector
Regional segmentation of healthcare cloud computing market by Coherent Market Insights comprises of North America, Latin America, Europe, Africa, Asia Pacific, and Middle East. Widespread use of digital recordkeeping systems is helping North America to dominate in the healthcare cloud computing market. North America is the traditional hub for the intensive research in the healthcare industry as well as in the IT industry, contributing to the growth of healthcare cloud computing market in this region.
The advantages of cloud computing services is helping the companies to operate easily in highly fragmented healthcare cloud computing market
Key industry players operating the healthcare cloud computing market includes ClearData Networks, CareCloud Corporation, AthenaHealth Incorporated, CareStream Health Inc., Dell Incorporated, GNAX Health, IBM Co., Merge Healthcare Incorporated, VMware Incorporated, and Iron Mountain Inc. Healthcare cloud computing market is highly competitive but advantage of cloud computing of being easy to scale up and scale down making use of these services lucrative for companies operating in healthcare cloud computing market. The industry players are adopting the strategies such as client acquisitions, partnerships, alliances, event participation, educational promotion and others to sustain in the healthcare cloud computing market.